Wauwatosa-based health care provider Froedtert Health announced today that it has reached an agreement to purchase health care provider Ascension Wisconsin’s interest in Menasha-based Network Health, a provider of commercial and Medicare health insurance plans.
Froedtert Health and Ascension Wisconsin each currently own 50% of Network Health.
Founded in 1982, Network Health serves more than 117,000 members.
“The opportunity to acquire 100% ownership of Network Health is consistent with our mission to advance the health of the people of the diverse communities we serve through exceptional care enhanced by innovation and discovery,” said Cathy Jacobson, president and chief executive officer of Froedtert Health. “As a proven health insurance plan that consistently receives top ratings from the Centers for Medicare and Medicaid Services, we’re confident this investment will complement our robust population health strategy, allowing us to care for more people at the right place and at the right time.”